Published: October 15, 2019
Emerging European exchanges plan joint blue chip equity index
Looking to generate more liquidity, the stock exchanges of seven Central and Eastern European countries have agreed to launch a joint index for their largest and most liquid stocks.
The exchanges of Czech Republic, Croatia, Hungary, Poland, Romania, Slovakia and Slovenia, known locally as the Three Seas region, have agreed to combine the 100 most liquid stocks on their exchanges in an index called CEEplus. The index will be calculated on the region’s biggest stock exchange, GPW Warsaw.
“More and more investors are looking for diversified investment opportunities involving Three Seas region blue-chips,” said Marek Dietl, president of GPW Warsaw’s management board. “The Polish capital market is one of the world’s 25 developed markets and it is our mission to promote Three Seas companies.”
Poland is the obvious choice to host a regional index – the country is seen as a developed market by many investors and existing indices, including the FTSE Russell.